Illumina Launches Cloud-Based Multiomics Platform to Accelerate Biological Research
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: PRnewswire
- Platform Launch: Illumina's Connected Multiomics, released in January 2026, integrates multiomic data, significantly reducing research time and costs, thereby accelerating the discovery process in precision medicine.
- User-Friendliness: The platform has been optimized based on feedback from 40 early access users, ensuring that researchers without a bioinformatics background can easily utilize it, enhancing the efficiency of obtaining biological insights.
- Multimodal Analysis Capabilities: Connected Multiomics supports single-cell and spatial transcriptomics analysis, providing differential expression and cell typing, which helps researchers gain richer spatial context in biological studies.
- AI-Driven Analysis: The platform incorporates AI capabilities, utilizing PrimateAI and PromoterAI for early identification of biological signals, further driving breakthroughs in biology and drug development, thus enhancing the depth and breadth of research.
Analyst Views on ILMN
Wall Street analysts forecast ILMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ILMN is 117.25 USD with a low forecast of 80.00 USD and a high forecast of 195.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
5 Hold
3 Sell
Hold
Current: 147.110
Low
80.00
Averages
117.25
High
195.00
Current: 147.110
Low
80.00
Averages
117.25
High
195.00
About ILMN
Illumina, Inc. is engaged in providing sequencing-and array-based solutions for genetic and genomic analysis. Its products and services serve customers in a range of markets, enabling the adoption of genomic solutions in research and clinical settings. Its DNA sequencing technology is based on its reversible terminator-based sequencing chemistry, referred to as sequencing by synthesis biochemistry. Its BeadArray technology combines microscopic beads and a substrate in a manufacturing process to produce arrays that can perform many assays simultaneously. Its sequencing applications include whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which can sequence exomes, specific genes, RNA or other genomic regions of interest. Its customers include genomic research centers, academic institutions, government laboratories, hospitals, pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
